Finance for Restaurants | Food Newsfeed

Finance

Cash vs. Cards: A One-Sided War for Restaurants

Back in July, Visa announced a challenge incentivizing independent restaurants to go cashless. For business owners, the announcement is one of many recent developments adding to why the cashless trend shouldn’t be ignored.

Dinova Business Dining Marketplace Reports 21 Percent Growth in Q2

Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced its second quarter marketplace results. Business dining spend through Dinova’s marketplace has increased 21 percent in the second quarter of 2017, with a 16 percent growth in the number of business dining transactions and a 6 percent increase in the average business dining transaction size, over Q2 2016.

Ruby Tuesday Reveals its 'Plan to Win'

Ruby Tuesday has taken its share of bruises in the highly competitive and challenging arena of casual dining. On Monday afternoon, the 605-unit chain released its fourth quarter and fiscal 2017 results, as well as something that’s been missing from recent announcements: A path back to profitability its calling the “Plan to Win.

Famous Dave's Continues Optimization Plan

Famous Dave's of America, Inc. reported financial results for the second quarter ending July 2, 2017.Highlights for the second quarter of 2017:Franchise-operated comparable restaurant sales improved to (3.

STK's 'Asset-Light Business Model' is Paying Off

The ONE Group Hospitality, Inc. announced its financial results for the second quarter ended June 30.Highlights for the second quarter ended June 30 were as follows:The second quarter marked our 14th consecutive quarter of revenue growth.

Guest Counts, Sales Rise at J. Alexander’s

J. Alexander’s Holdings, Inc., owner and operator of the J. Alexander’s Restaurants, Redlands Grill, Stoney River Steakhouse and Grill and Lyndhurst Grill collection of restaurants, announced financial results for the second quarter and first six months ended July 2.

Restaurant Sales Crash in July

July cooked any optimism the restaurant industry might have felt from a promising June. Same-store sales dropped 2.8 percent across the landscape, a significant 1.8 percentage point decline from the previous month, when traffic and sales reached their best marks since 2016.

Applebee's: 135 Restaurants Could Close in 2017

DineEquity’s earnings per share and revenue beat analyst estimates Thursday, but it came with the news that flagship brand Applebee’s will shutter up to 135 restaurants in fiscal 2017. This expectation from the company, which also operates IHOP, is more than three times the lower end of its first-quarter range of 40–60 restaurants.

Is Red Robin Making a Comeback?

When sales and traffic turned negative for Red Robin in the fourth quarter of 2015, the casual dining chain looked to its most loyal guests for answers. Research within its Red Robin Royalty base showed four major concerns: Speed and quality of service; value perception; ineffective advertising; and, lastly, the absence of carryout and delivery.

J. Alexander’s Agrees to Acquire Ninety Nine Restaurant & Pub

J. Alexander’s Holdings, Inc., parent company of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill, and Lyndhurst Grill, announced it entered into a definitive agreement to acquire 99 Restaurants, LLC in an all-stock transaction valued at about $199 million.

Chuy's Avoiding 'Silver Bullets' as Sales Decline

Tex-Mex casual dining chain Chuy’s Holdings disappointed investors in its financial report Thursday when it announced its third straight quarter of same-store comparable sales decreases, falling by 1 percent.

As Expected, Sales Slide at The Cheesecake Factory

Call it a lack of communication. On Wednesday afternoon, following The Cheesecake Factory’s earnings review, the brand responded to its first negative gains after 29 positive quarters with a leveled view.